The Pictou Academy Educational Foundation, PAEF, is a group of former graduates and others that administers funds from endowments willed to the foundation to be used for the benefit of students attending Pictou Academy

Pictou Academy

Pictou Academy , founded in 1816 by the late Dr. Thomas McCulloch, is a secondary school in Pictou, Nova Scotia. Prior to the twentieth century, it was a liberal nonsectarian college, a grammar school, an academy and then a secondary school. Pictou Academy's current principal is James Ryan. The...

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The Foundation assists students by way of scholarship

Scholarship

A scholarship is an award of financial aid for a student to further education. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award.-Types:...

s, grants for extracurricular activities

Extracurricular activity

Extracurricular activities are activities performed by students that fall outside the realm of the normal curriculum of school or university education...

 and grants for promoting superior educational programs at the Academy. It originally grew out of the 1916 centenary committee that was set up to offer continuing support to the Academy.

It is a free standing, non-profit organization

Non-profit organization

Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...

 which is funded by donation

Donation

A donation is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause. A donation may take various forms, including cash, services, new or used goods including clothing, toys, food, and vehicles...

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